Spain's jobless rate rose to 13.26 percent in the first quarter of 2023 from 12.87 percent in the previous three-month period and above market expectations of 12.9 percent. The rate was 13.65 percent in the first quarter of 2022. The number of unemployed people increased by 103.8 thousand to 3.128 million, while the number of employed declined by 11.1 thousand to 20.453 million. The labor force participation rate stood at 58.55 percent in the third quarter, little-changed from 58.52 in the previous period. source: National Statistics Institute (INE)
Unemployment Rate in Spain averaged 16.32 percent from 1976 until 2023, reaching an all time high of 26.94 percent in the first quarter of 2013 and a record low of 4.41 percent in the third quarter of 1976. This page provides the latest reported value for - Spain Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Unemployment Rate in Spain is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Unemployment Rate is projected to trend around 14.50 percent in 2024 and 15.00 percent in 2025, according to our econometric models.